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Ethereum's Ambitious Proof-of-Stake Upgrade 'Casper' Sees First Release

ethereum

Ethereum took another important step toward its eventual transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS), as developers published the first release for the much-anticipated Casper network upgrade. Casper v0.1.0, released on Tuesday by New Orleans-based developer Danny Ryan, provides client developers, auditors, and other external parties to more easily integrate the source code into...

Opinion: Bitcoin Mining Consuming More Electricity Than 159 Countries is a Positive

Bitcoin mining

The Bitcoin network consumes more electricity than 159 individual countries including ireland, a new report by CBS revealed. In contrary to most claims, bitcoin’s massive consumption of electricity is a positive aspect of the cryptocurrency, as it provides more security value to the network. Proof-of-Work is Important For Bitcoin Earlier this year, in a response to JPMorgan CEO Jamie Dimon’s...

Vitalik Buterin Wants to Give Up the Ethereum Mantle… Maybe in Five Years

ethereum creator vitalik buterin

“Is that Chinese?” – I asked a friend. “Is he using google translate or is that grammatically correct?” I wondered while seeing Vitalik seemingly converse in typed Chinese. “No, it all reads well.” – I was told. Vitalik speaks fluent Chinese now, – he said. Well, he’s been to China many times, I consoled myself. It must be easier to learn it when hearing Chinese all the time – I went on...

SnapCard's #IntegrateSF Campaign to Give Away 500 POS Terminals to Local Merchants

Digital currency users are about to have a lot more choice when it comes to spending their Bitcoin in the Bay Area! In a bold move aimed at turning the San Francisco Bay area into the world's digital currency hub, Bitcoin payment solutions provider SnapCard announced on Tuesday that it will be giving 500 local merchants the ability to accept digital currency payments through their #IntegrateSF...

Bitcoin's Future: Proof-of-stake vs Proof-of-work

It's no secret that merchants who immediately sell their Bitcoin for fiat currency create downward pressure on the Bitcoin price, but the merchants aren't the only people to blame. The proof-of-work (POW) system used by Bitcoin and other cryptocurrencies fails to create an incentive for miners to hold onto their coins. That means that as much as 3,600 BTC may be sold per day to pay for...

How To Save and Protect Your Bitcoins

How To Save and Protect Your Bitcoins

Cryptocurrency in its current state is largely a movement against the traditional banking system. However, this doesn't mean you can't use the platform to store value long-term, and recently, even to earn interest on your savings mimicking the nature of fiat bank accounts. For security and practicality reasons, it is recommendable when storing considerable forms of cryptocurrency to keep them in...

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